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(SUMIT_BE) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT_BE) share price targets

Complete technical analysis of Sumit Woods (SUMIT_BE) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT_BE)

Showing technical analysis as on 2025-01-23 View latest technical analysis

10 day averaged volume of Sumit Woods is 6363

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	127.71	124.20	130.14	123.65	1.485 times
22 Wed Jan 2025	130.14	137.90	141.85	130.14	2.105 times
21 Tue Jan 2025	136.99	143.50	145.00	136.12	2.115 times
20 Mon Jan 2025	143.28	147.88	147.88	140.15	0.935 times
17 Fri Jan 2025	142.99	137.88	143.40	137.88	0.827 times
16 Thu Jan 2025	140.70	141.81	141.81	140.00	0.942 times
15 Wed Jan 2025	139.03	133.58	139.03	133.58	1.212 times
14 Tue Jan 2025	136.31	136.31	136.31	136.31	0.873 times
13 Mon Jan 2025	139.10	139.10	139.10	139.10	0.033 times
10 Fri Jan 2025	141.94	141.94	141.95	141.94	0.173 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 129, for a target of 136 or 141.89

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	120.45
Upside Target	128.20
Upside Target	133.58
Upside Target	140.22
Upside Target	147.00
Upside Target	147.88
Upside Target	148.79
Upside Target	151.74
Upside Target	152.00
Upside Target	155.99
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	118.28
Downside Intraday Target	108.85
Upside Intraday Target	142.51
Upside Intraday Target	157.31
Upside Intraday Target	133.08

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	127.71	147.88	147.88	123.65	1.708 times
17 Fri Jan 2025	142.99	139.10	143.40	133.58	0.828 times
10 Fri Jan 2025	141.94	148.70	148.79	141.94	0.471 times
03 Fri Jan 2025	151.74	137.41	151.74	137.41	3.316 times
27 Fri Dec 2024	140.22	146.00	146.00	140.22	0.303 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	127.71	143.00	151.74	123.65	0.267 times
31 Tue Dec 2024	143.00	132.99	155.99	128.20	1.585 times
29 Fri Nov 2024	132.69	145.23	147.00	121.28	0.402 times
31 Thu Oct 2024	138.32	151.40	152.00	120.45	0.669 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sumit Woods (SUMIT_BE)

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Sumit Woods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sumit Woods in short term and the sell signal is strong.

Sumit Woods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumit Woods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sumit Woods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 135.96 and Sumit Woods (SUMIT_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sumit Woods (SUMIT_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) stock is negative.

Sumit Woods Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.